On the last trading day of 2016, the S&P/TSX Composite index (INDEXTSI:OSPTX) was said to have gained more than any other stock market in 2016–its biggest yearly gain in seven years. At closing, the index had rallied 17.51 percent year-to-date finish the year at 15,287.59 points.
That said, a number of mining stocks on the index also performed well throughout the year, with some gaining as much as 650 percent throughout the year, including:
- Arizona Mining (TSX:AZ)
- Coro Mining (TSX:COP)
- Teck Resources (TSX:TECK.B)
- Western Copper and Gold (TSX:WRN)
- eCobalt Solutions (TSX:ECS)
Here’s a closer look at the top TSX stocks 2016.
First in the top TSX stocks 2016 is Arizona Mining, who is currently focused on the exploration and development of its 100-percent owned Hermosa project in Arizona. Its Taylor Deposit is a lead–silver–zinc carbonate replacement deposit, which has a resource of 3.1 million tons in indicated mineral resources.
The company’s most recent news was released on December 21. The announcement noted results of four exploration drill holes on the Taylor deposit, grading 22 percent zinc, 14.8 percent lead, and 3.8 OPT silver.
Shares of Arizona Mining increased steadily by 653.85 percent to close the year at $2.45.
Coming in second on the top TSX stocks 2016 is Coro Mining, whose shares increased 650 percent to close the year at $0.15.
Coro Mining is focused on copper production in Chile that includes a number of exploration and development projects. The company is also focused on obtaining production from SCMB’s SXEW plant, of which Coro owns 35 percent interest.
Most recently, Coro Mining announced the closing of a private placement in the amount of $5,253,200.
The company’s most recent news was released in the middle of December wherein the company announced a settled benchmark price for the first quarter of 2017 for the highest quality of coal $285 per tonne.
Shares of Teck Resources climbed 403.18 percent to finish the year at $26.87.
Western Copper and Gold
Next is Western Copper and Gold, whose sole focus is on developing the Casino Project in the Yukon. According to the company’s website, it is in the permitting phase and has an inferred resource of 5.4 billion pounds of copper and 9 million ounces of gold.
On that note, shares of Western Copper and Gold saw a steady increase of 389.47 percent year-to-date to close 2016 at $1.86.
Last but certainly not least in the five top TSX stocks 2016 is eCobalt Solutions, whose shares saw a 369.57 percent year-to-date increase to finish the year at $0.54.
The company’s primary asset is the 100 percent owned Idaho cobalt project, which is the only advanced stage, near-term primary cobalt deposit in the US. The company’s latest news, according to its website, was the filing of a preliminary base shelf prospectus with the securities commission in all Canadian provinces except Quebec.
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Data for 5 Top TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Arizona Mining, Western Copper and Gold and eCobalt Solutions are clients of the Investing News Network. This article is not paid for content.